Lifetime annuity

George’s story – 64 years old

George wants a regular income for the rest of his life. He also wants to know exactly what he’s getting when. He plans on taking all of his 25% tax-free lump sum and buying an annuity with what’s left.

George’s full story

George has a and will a month gross into it .

George knows the longer he pays into his pension fund the more he’s likely to get from an annuity which is why he’s made this choice.

When it’s time for him to retire, he plans on taking his 25% tax-free lump sum and buying an annuity with what’s left. So he could get around £186 a month until the day he dies.

Please click here to read the assumptions we’ve made

Scroll down to see George’s figures

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